Trex (TREX) Tops Q4 EPS by 1c, Revenues Beat
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Trex Company Reports Fourth Quarter and Full Year 2020 Results
February 22, 2021 4:01 PM EST
40% Residential Product Sales Growth in the Fourth Quarter
Record Cash from Operations of $187 Million in Full Year 2020
Strong Double-Digit Sales Growth Expected for Full Year 2021
First Quarter Sales Expected at $235 million to $245 million, Up 20% at the Midpoint
Fourth Quarter 2020 Highlights
- Consolidated net sales increased 39% to $228 million
- Gross margin of 40.5%
- Diluted earnings per share of $0.37
- EBITDA margin of 27.9%
Full Year 2020 Highlights
- Consolidated net sales increased 18% to $881 million; Trex Residential net sales up 19%
- Gross margin of 40.8%; excluding the warranty... More
